nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines.

90 pc ATMs in country re-calibrated to dispense Rs 500, 2,000 notes: Official

In a relief for those facing cash crunch, nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines even as millions of people continue to face acute cash shortages in the aftermath of demonetisation last month.

As per the plan, all the ATMs should have been ready by yesterday.

These machines needed to be re-calibrated after the government on November 8 announced the scrapping of old 500 and 1,000 rupee notes in a bid to crack down on black money, and introduced of new 500 and 2,000 rupee notes of different

size and high security features.

"A working group, formed under a RBI headed task force, was given a deadline to recalibrate all the ATMs by November 30. About 90 per cent, which is around 1.80 lakh ATMs, have been re-calibrated so far to dispense new Rs 500 and Rs 2,000

Following the announcement to scrap old high currency notes, a task force was set up on November 14 under the chairmanship of Reserve Bank deputy governor S S Mundra to oversee the recalibration process of all the ATMs.

Under the task force, a working group was formed which included of representatives of ATMs manufacturers like NCR, Diebold Nixdor, cash in transit companies and managed service providers, among others.

Dastur said the working group consisted of around 40-60 people and they have been recalibrating on an average 12,000 ATMs per day.

He said the rest of the ATMs would be re-calibrated over the next 10 days to dispense new notes.

Meanwhile, in a latest announcement that tightens its demonetisation policy, the government on Thursday said that petrol pumps, LPG stations and air ticket counters will accept old Rs 500 notes only till December 2. The earlier deadline was December 15.

Also, on the first pay day since demonetisation was announced, banks across India not only braced for huge queues across branches but soon enough ran out of cash too.

As many bank accounts were credited with salaries, more chaos was witnessed outside banks on Thursday as a large number of salaried people also queued up to withdraw money.

Many were annoyed by the rush and the arbitrary withdrawal limits set by banks.